$BTC 1H close: 63,515; broke 63,888, wicked to 63,271, now at 63,720.
If the next candle closes back above 63,500, it looks like a stop hunt with a long lower wick. Don’t rush to call it a downtrend.
Conservative: Only call it a fakeout if price reclaims 63,888; watch 64,738.
Aggressive: Try a long if 63,271 holds, with a stop at 63,000.
Invalidation: Exit if the 1H candle closes below 63,271.
$BTC #BTC
If the next candle closes back above 63,500, it looks like a stop hunt with a long lower wick. Don’t rush to call it a downtrend.
Conservative: Only call it a fakeout if price reclaims 63,888; watch 64,738.
Aggressive: Try a long if 63,271 holds, with a stop at 63,000.
Invalidation: Exit if the 1H candle closes below 63,271.
$BTC #BTC